
The BoJ left its policy rate at 1.25% and said its 2% inflation goal is nearly achieved but still needs anchoring amid high energy costs. Governor Ueda said there is room to raise rates toward a neutral range of 1.1% to 2.5%, and Q3 GDP is forecast nearly flat.
Persistent energy-driven inflation and future rate hikes affect Japanese demand and currency conditions, with limited direct effect on feed commodity prices.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.